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FOX Business
Dec 5, 2012 7:00pm EST
of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, but refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope that they do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will die until that day occurs. lou: the violence, and morsi protesters in the street, and large scale clashes, worst of the violence since morsi proposed his powers. a third of the aides resigned now, and more than 225 injured in the clashes since they broke out. turning to the president and his views, steering clear of my public statements on egypt or morsi or the administrations, but jay carney responded to a question on the administration's actions on the turmoil, a scripted response that
FOX Business
Nov 29, 2012 8:00pm EST
but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not being flexible on spending cuts, by not cutting anybody. what to make of it? tom fanning. and former bush front economic director todd. erin, what are we to make of this? do you get a sent from this, that this is the making of a middle ground deal? >> i think it is. i was up on capitol hill today. john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans know that at some point they are going to have to give in and rates will increase because. democrats are saying they will not concede on raising rates. it is just been announced went last couple minutes that white house put a
FOX Business
Dec 5, 2012 12:00am EST
i agree with you. remeer we had $5.6 trillion surplus in 2001 from the clinton administration. here iseasonable proposal. liss you say we'll put trilli dollars into the treasury over 10-year period? that doest even cover the increases in spending? >> b, we're not finished. first of a we'vealready seen as of august, july, a a trillion dollars in spending cuts. but more importantly, we're at 50ear low in non-defens discretionary spending. the government is not spending. it is just we're a larger nation, one of the lgest nations inhe world. so we've got to get a unrstanding that america is a country th is not ing to go backo the 1950s. wee always going to searching and growing to make ts country better and have a balanced enomy. so what do we do? we start, melissa, because over the last decade evious to president obama, we have spent like, we are running water. two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the
FOX Business
Dec 5, 2012 5:00pm EST
president clinton which wail raise more money. a few other bells and whistles. a more simpler and fairer tax code that people could understand. melissa: that was a very good summary. >> thanks. melissa: mary catherine. i will throw in a few more things. there are a few sin taxes. >> yeah, there are. melissa: we sort of teased it. 50 cent increase on cigarette tax. tax on alcoholic beverages. >> already have one of those. just increasing it. melissa: we'll increase that one. why not. and small fees on internet gambling as well. what do you think of this plan, mary catherine?. >> i don't want to out right knock simplifying the tags code because i think it is something hard to do and something largely would be great for the economy and good for people in general to have the simpler code instead of 74,000 pages of crap we have right now. i do not want to knock that out of hand. when you say talk to going to the clinton rates. you're missing clinton tech boom. clinton levels of spending. when you take that into account it doesn't actually end up closing your gap when it comes to something which s
FOX Business
Dec 3, 2012 3:00pm EST
in the clinton administration. people describe him as a pretty partisan guy. he's much more liberal than geithner, although geithner is a guy whether he's liberal or not personally carried the president's water pretty well. you know, i'm not saying he did a good job, i'm just saying he did not deviate from the president's line. you know, it's interesting. guys like bob rubin when they were treasury secretary, he basically went up against the president. if you read some of bob woodward's books, which i have, i mean, the way bob woodward tells it, bob rubin, the treasury secretary for clinton, forced clinton to raise taxes but used that money for deficit reduction because he believed that would control the economy. president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get th
FOX Business
Dec 4, 2012 7:00pm EST
, you remember very well that we had a very different white house. president clinton had decided that he was going to try to work with the republicans. he brought in a new chief of staff by the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do a lot of things that i don't think the republicans today can get done with this obama white house. lou: and are you and i in agreement that the republicans are not in nearly sufficiently strong position, not with the lack of talent, there are some questions about that, but because of the lack f power of the leaders in the house and the role of the house in this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and listen to them as they talked very openly about what their views are and what they're trying to get done. and i can tell you that they are a lot stronger than they have been presented by the conservative media. the interesting thing about the speaker is to make you look car
FOX Business
Dec 6, 2012 7:00pm EST
against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meeting with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and today, a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future. the pressure against the regime in and around damascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuing the sharpest warning yet. >> the president of the united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou:
FOX Business
Dec 2, 2012 2:00am EST
clinton was clear when he spoke to the republicans. he pointed out that t biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing. we hear the psident saying that tax hikes on the upper brackets will solve all of the problems and it pay for government spending for a week and a half . the president said he would stop the seas from rising. he might want to stop the oceans of red ink that are rising. listen, they make this point. federal taxpayers ponying up to cer up the short fall of social security. white house said that is happening . lbj in the '60s got the government's mitts on social security funds to cover the cost of the viet nam war. >> mark, th
FOX Business
Nov 29, 2012 10:00pm EST
the president's top choice to replace secretary clinton. more than benghazi can propose problems for ambassador rice. we will take a close look coming up next. and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge concerning. congressman nunes, it is great to have you with us. >> this little visit i timothy geithner to speaker boehner, in which he bsically says we are going to talk about stimulus -- that is pretty hard step to push or to stomachh isn't? >> yes, timothy geithner has been coming here for four years. he has come before the ways and means committee, before the budget committee. this guy has never told us the truth and we challenged them for years. the num
FOX Business
Dec 3, 2012 9:20am EST
the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are d
FOX Business
Nov 29, 2012 4:00pm EST
with the clinton administration when he cut capital-gains taxs. >> he did. david: usually the more you tax something the less you get of it as a result. >> correct. david: don't we want more investment now? >> well, i think there is plenty of investment dollars out there. just they're not going into very productive investments. you know, look, the issue is not whether you want to penalize the investment income. the issue whether you want to penalize wages and we pay substantially higher rates on wage income which is where most americans get their money, than we do investment income. no economic research that shows that having a lower capital gains rates spurs investment that creates jobs and spurs economic growth. there is really no correlation. david: wait, let me stop you. a lot of people see a lot of correlation going back to the days when clinton lowersed the capital gains rate from 28% down to 20%. we saw doubling of revenues. you had that supply side-effect. i know that is dirty word in some quarters. when we lowered rates from 28 to 20% we doubled revenue. >> well there could have b
FOX Business
Nov 29, 2012 7:00pm EST
's top choice to replace secretary clinton. more than benghazi can propose problems for ambassador rice. we will take a close look coming up next. and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a pl
FOX Business
Dec 4, 2012 11:00pm EST
. >> you are talking about all my sources,. neil: but you were spot on. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer to thetured. i think that guy,hoer? lead, and whoever is the winner. things he opposed, long col on, just weeks ago, now sign me up. >> what is ridiculous, he went out and said we need to cut expenditures and a planned approach but tn he said, president has a creble plan ta raise a lot of taxes. >> ihink they are allll pathetic losers, they make washington, d.c. look lik choir boys, i am shocked. in record time, turning to this guy who cald him every name in the boo dirty rotten scoundrels of wall street, n ey are playing ft ftse i is gr
FOX Business
Dec 4, 2012 9:20am EST
. stuart: i think he had a round of golf with former president bill clinton just the other day. >> yeah. stuart: and bill clinton was-- you voted for him, twice. >> i sure did, he was a good president. stuart: do you think there's they chance that some of the moderation of blirn will rub off on the leftism of president obama? >> no, i think that clinton's leverage is gone totally. he supported obama totally in the election. without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill tha
FOX Business
Dec 5, 2012 9:20am EST
to president clinton and i see this as a tax revolt and i see this as hipocracy. this is rich ceo's, rich board members saying, we don't want to pay the tax the rich tax next year, we're going to pay it to ourselves this year, doug, hipocracy. >> i see it as by businessmen basing an unpalatable and untenable fiscal condition in washington where both parties, particularly the democrats are failing to come up with reasonable tax reform. stuart: but you've got a smile on your base because now i'm right. jim singel, founder of costco pays himself $7 a share and borrows the money to do it he's a huge obama supporter. >> well, now that's a different kettle of fish, stuart. borrowing money that they don't have in their kitty to pay a dividend to reduce tax, that's tax manipulation. stuart: which a tax which he favors and went to the democratic convention and argued for. >> i can't efend him, his company or his actions, but i can tell you, stuart, this is a reason why our political system is letting down ordinary people because it does allow the wealthy empowered take advantage of a system because the
FOX Business
Dec 3, 2012 4:00pm EST
-chair of the president's debt commission and the former chief of staff of president bill clinton, floated a similar plan last year. in embracing it, republicans are claiming bipartisan ship, and it's now up to the white house to respond. back to you. >> getting very interesting. thank you very much, rich edson. david: thanks, rich. well, washington doesn't seem to be get withing close to a debt deal, but one top investor believes they actually will get it cone and are get -- done and are getting close to it. bob doll joining us with his investing strategies. >> former lehman brothers' vice president larry mcconald who's now with new edge also believes a deal will be reached, but what will it be, and who ends up on the winning end? find out what he thinks next. ♪ david: while the president is tweeting his short answers about coming tax increases, wall street's holding its collective breath with the rest of the world for some kind of resolution to the fiscal stalemate in d.c. trillions of dollars hang in the balance not just in government revenue, but also in nonallocated cash. it's just been sitting on
FOX Business
Dec 3, 2012 11:00am EST
. that is a given. i think that will happen. bill clinton tried to find a way to balance it out. he was going to cut a lot of investment rates. that, that profumo was enough to help trigger an economic boom. what you hand out in of a tax increase, the president could give back, that would favor the investment community. it could work for him. lori: grover norquist, tea party two-point oh. neil: it is interesting. it is hard to read whether there will be held back to pay for anyone who votes for any type of a tax increase. i think we have learned from this election, you know, back in the a very suicidal pact. i do not know if that threat is real. what is more real right now, the result we have to get a permit spending under control, has disappeared. when it came to spending, that is still -- by the way, the same people who are picking apart the tea party, john boehner is where he is now and the house enjoys the republican party it does now because of the tea party. i would not be so quick to dismiss all. connell: you still think we are all just playing around it we will get a deal done? neil: i would
FOX Business
Nov 28, 2012 7:00pm EST
. >> suggested he take care with the dnc. lou: set up that was one of the better comments. >> hillary clinton today saying she was doing a great job. >> absolutely. i cannot remember the expression . protests and egypt continue for a six the day. lou: and still in power showing no sign, at least obvious sign that he is going to weaken and allow his new-found powers to dissipate separately. what is your reaction? >> my reaction is that he drew the conclusion that i think a normal human being would draw from hillary clinton and president obama's warm endorsement of his mediation role and the gaza is real conflict. it is amazing to me that even though they have criticized him their restraint in that criticism is really remarkable. because what the president did was throw down the gauntlet ii st., i am ferrule. their response has been lukewarm understandably because we do have larger fish to fry, like the peace with egypt and israel and we don't wwnt egypt to become syria or chaotic. still, what he did was amazing. >> she was brilliant. he negotiated this deal between israel and tomas. within 24
FOX Business
Dec 6, 2012 6:00pm EST
to clinton's old tax rates, but he's not because clinton's rates affected everyone, not just the small sliver of the population. a 3.8% unearned income tax is kicking in on january 1st. gerri: obamacare. >> capital gains going from 15% to that 25*%. dividend taxes going 15% to 44% under current law without a thing done as far as the president obama wanting the taxes on the rich to go up. he's already done it. there's 1% medicare tax on people who earn over $250,000 a year. gerri: income tax. >> a payroll tax strictly. it's added to the medicare tax that's taken out, makes a small stop in the trust fund, and funds another program that the president likes. this is the problem. the president is not hoonest with us or the american people. he tells you he loves you and wants to take care of you, but the fact of the matter is, he's going to raise your taxes to a level that, in fact, it's going to kill economic activity in the country. how do we know? look what's happening. on your crawl on the television, dividends paid before december 31st, and why? that behavior's driven by changes in the tax cod
FOX Business
Nov 29, 2012 9:20am EST
: you probably remember this, the first year of clinton's presidency a tie vote resolved by vice president gore to break a tie to raise income taxes retroactively. all kinds of lawsuits filed. can't do that retroactively. can't change criminal law retroactively but you can impose taxes. now the state of picking up on it. stuart: these companies are paying out these special dividends before the end of the year. is it possible for the feds to turn around and say we are going to make the tax increase on dividends retroactive to last year. judge napolitano: only by an act of congress and can't imagine a house of representatives going on with it unless republicans and house cave on everything. stuart: reach back to a previous calendar year -- judge napolitano: only by congressional -- stuart: not going to happen. judge napolitano: politically it won't happen but if it did i am sorry to inform you the courts would uphold. stuart: we said it here on "varney and company". judge napolitano: by definition, don't have to tell me what it is. stuart: go. judge napolitano: very good. stuart: i
FOX Business
Nov 30, 2012 1:00pm EST
't change the rates or change the rates slightly but not all the way up to the clinton rates 39.6% at the top. maybe that is one way out. maybe you raise rates but carve out certain people. carve out small businesses and s-corporations and lccs so they don't go up on small businesses even if they go up on individuals. there may be ways to finesse that. right now republicans want to talk about revenues, not rates. that is the big sticking point you're right. tracy: washington coming out saying they want to spend more money, extend payroll tax cuts, do stimulus spending to help the economy to boot. seems just counter productive. >> revenues that we're talking about here way outstrip whatever you would spend on stimulus. they're talking about $50 billion in stimulus next year. that may be a nonstarter. i don't think that tips the arithmetic all that much, particularly when stacked up against a trillion or more in revenues over the next 10 years. the big struggle here is really tax rates versus enlightment changes. there is some, there is some glimmers of hope there but this week is
FOX Business
Dec 4, 2012 11:00am EST
for president bill clinton, one that the republicans put out yesterday, and it's one that democrats roundly rejected. >> republicans' plan, on the other hand, is more of the same. not only does it balance the budget on the backs of the middle class, but voids the promise to seniors with cuts to social security and medicare all to pay for handouts to the rich. at least we know where they stand. >> republicans are willing to make sure we don't go over the cliff, but, at the same time, don't harm the economy. what has to happen, the president needs to show leadership, sit in the room, stay here, get it done. that's why there was a proposal that's reasonable, meets his criteria. >> republicans say they have put a bipartisan plan forward. it's up to the white house to come back with their next proposal. the white house and democrats are saying republicans need to be willing to raise tax rates on families earning more than $250,000 a year as a prerequisite before talking about any of these structural changes that republicans want. back to you. dennis: thank you, rich edson, and the deadlock conti
FOX Business
Dec 6, 2012 11:00am EST
gas into bombs for the appointment. 500 times more toxic than cyanide. hillary clinton holds an emergency meeting with russia's foreign minister and the un peace envoy for syria to discuss the issue. approving the delivery of missiles to turkey. that aimed to protecting the nato area against attacks. deciding to okay the move after mortar rounds killed five people. missiles expected to arrive in turkey next month. the presidential palace is looking more and more like a camp. the egyptian military and selling our buyer. the worst round of violence in two weeks. clashes killed seven last night. those are your latest headlines. back to dagen and connell. dagen: thank you. if the u.s. goes over that fiscal cliff, people in california will pay a ton in extra taxes. california would have the highest earners there would pay almost 52% as their marginal income tax rate. the highest in the country. the only state that would have a calculated rate would be hawaii. three percentage points to the marginal state income tax rate. we will have entrepreneur ethan anderson coming up, maybe to
FOX Business
Dec 3, 2012 5:00pm EST
to take action if that eventualty were to occur. melissa: secretary of state hillary clinton responding to reports syria's regime is moving its stockpiles of chemical weapons and there is new word that syria is combining chemicals to make deadly sarin gas. would its use be enough to push unraveling middle east over the edge? for insight we turn tt brigitte gabriel, terrorism expert and president of act for america. welcome to the show. >> thank you, melissa. melissa: this is certainly frightening news and frightening reports. from what you've seen do you think this is what syria is doing? >> syria is moving chemical weapons in a way they have not done before. they usually move these things around but the activities of the last 48 hours show they are up to something and the concern here is that bashar assad says if he goes down he will take the whole middle east down with him and i believe his last resort will be using chemical weapons in, if in fact he is losing. the rebels in the last 48 hours gained really good ground against the assad regime and there were reports that came out of sy
FOX Business
Dec 3, 2012 7:00pm EST
the tragedy. a red line on syria. secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not letting up ytime soon. if you're eligible for medicare, you might know it only coversbout 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medica supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't
FOX Business
Dec 3, 2012 10:00pm EST
are joined to analyze the tragedy. a red line on syria. secretary of state clinton talking tough as violence rages. what is the preside thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center wil. what is wrong with obama and banner? did they really think this is a good -- a game? you know, from our 4,000 levision commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million pele switched to me last year, saving an average of $475. yeah, i'm ki of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, multicar, and multipolicy. 731, 732... you want mnumber, don't you? call-800-progressive right now. or visit progressive.com for an extra $50 online savings. thirsty? 'cause i got a six-pack rightere. oh, yeah... [voice shaking] you don't even have to wait for your policy to expire to switch. oh, svetlana, that's so good! and, with every policy, you get great service. a-down the hizz-atch. [slurp!
FOX Business
Dec 4, 2012 4:00pm EST
. the converse happened when president clinton lowered the capital-gains tax rate from 28 to 20%. we had doubling of income. the government did from capital gains. so it works on both sides. if investment capital begins to dry up. more tend to get less of it. where swill it go. where will all the investment income go. >> it will stay on the sidelines or disappear. financial mark gets go down aa well as up. that is what we're experiencing now. capital is on strike. much capital is not being created. we see it in western europe. we see it in japan. would apply the same poison here. real people are just debating. how much more burden would we put on already weak economy? david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think no deal? >> boehn
FOX Business
Dec 6, 2012 5:00pm EST
clinton agreed to meet with the russian foreign minister and rahim my, the u.n. ambassador for the syrian issue and the syrian dossier. if the regime uses chemical weapons or any weapons of mass destruction, the regime in syria, that is definitely an indication that it is a last act of desperation. melissa: yeah. >> i'm sure that the international community will try to prevent that in any way, shape or form. the syrian, the russian president, putin, a couple of days ago when he was in turkey, he gave some signals that the chem cap -- chemical weapons in syria are secure. we need to sit down with the russians to see if they have any guaranties to the security of these weapons. >>you talked about how the international community could do to prevent it. there are weapons weapons and there is money. what could we do at this point to try to stop this from happening? >> well i think, you know, the regime of syria has these weapons and i'm not sure they're going to sell them or if we put money on the table that will solve this. melissa: no. but is there aid to another country, aid to egypt, to ru
FOX Business
Nov 30, 2012 9:20am EST
that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how do you get revenues. >> how. >> please, go ahead, go ahead. stuart: it's easy you lower tax rates and keep incentive to work harder. >> we've tried that. stuart: and you can't-- what. >> george bush tried that. look at the deficit we had. stuart: well, wait a minute you cannot rewrite economic history. after george bush lowered tax rates the return to the treasury, the money coming into the treasury went way up and the deficit, by the way, in 2007 was 167 billion dollars. >> so. stuart: president obama has got, 167
FOX Business
Dec 3, 2012 1:00pm EST
executive, then to be hillary clinton's number two of secretary of state, and rumored, rumor, it's in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jack's job as the chief of staff. interesting meeting. this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks like he gets the job. that's where we are now. it's inter
FOX Business
Dec 4, 2012 1:00pm EST
to clinton rates for top earners. that is nearly 40% on amounts of more than $250,000 a year. republicans have put $800 billion of unspecified tax revenue on the table but they're saying no to a tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fis
FOX Business
Dec 5, 2012 11:00am EST
and his rush on a new constitution. figure six for clinton continues to voice u.s. concerned over syrian president assad possible use of chemical weapons. and a south korean news agency is reporting that north korea is days away from a rocket launch. of course claimed all three stages of the missile are in place, sources tell i tone thans agency the launch would probably come sometime between next monday and wednesday. that is a quick look at your headlines making news, that to you. cheryl: what if you ordered from a retailer on your iphone instead of waiting a couple of days for delivery commute got it in about an hour for just a $5 delivery charge? that is what ebay is testing in san francisco right now. jeff abraham, director of local ebay marketplaces. you have done a lot in your short life can be done well with this technology and the company sold to ebay for a few million dollars but now you're pushing this delivery model. why do you think you can go up against the amazon and wal-mart of the world with this new model? >> i think there are a couple of really interesting things to th
FOX Business
Dec 6, 2012 9:20am EST
of chemical weapons would trigger western intervention. secretary of state hillary clinton meets russian diplomates and syria, chemical weapons, they will be discussed. and now to egypt. five people dead after huge protests in the streets of cairo and hurled rocks, fire bombs to protest morsi's seizure of near unrestricted powers and rush-through adoption of the quickly drafted constitution by the muslim brotherhood. five dead. just last night. four more of morsi's advisors have resigned. they blamed him for the violence. s very interesting. to nicole, safeway, is this the latest company to issue an early dividend, is that right? >> another day, another huge company beating up the dividend payout to beat the fiscal cliff and the higher tax rates on dividends, so, join safeway to over 170 companies, that's the latest number we've got from the wall street journal, but i bet you it's even higher than that, so they join wal-mart and weight watchers and ethan allen just to name a few. >> i should be keeping track, it was 173 a couple of days ago, i've got to believe it's pushing 200 by now. i
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